Investrust Consulting LLC

ITEM 5           FEES AND COMPENSATION
InvesTrust Consulting is a fee only advisor. Prior to the start of any client relationship, InvesTrust
Consulting enters into an agreement with the client that outlines the terms and conditions of the
relationship, including a description of the services to be provided and all associated fees. Invoices are
sent directly to the client, or their designated representative for payment. InvesTrust Consulting does not
directly debit fees from client accounts. Clients may instruct their custodian to pay the invoice on their
behalf as described under “Billing” on page 10 of this Brochure.
InvesTrust Consulting does not have a standard fee schedule as fees vary depending on the complexity of
the services requested. All fees are negotiable. InvesTrust Consulting will charge a pre-determined fixed
fee, hourly fee or fees based on a percentage of assets, if appropriate. Depending on the scope of the
services requested, there will be a minimum fee threshold.
InvesTrust Consulting’s advisory fees are all-inclusive, covering all services outlined in the client’s
agreement. We do not charge for reasonable travel and other expenses in connection with our services
unless otherwise agreed upon by the client. If there are expenses for services requested by the client,
above and beyond the scope of the agreement, those fees will be negotiated by InvesTrust Consulting and
the client prior to accepting the assignment.
InvesTrust Consulting, in its sole discretion, provides services to some clients at a lesser fee based upon
certain criteria (e.g., historical relationship, type of assets, types of services provided, anticipated future
earning capacity, anticipated future additional assets, related accounts, account composition, negotiations
with clients, etc.). Therefore, some existing “grandfathered” clients could pay a lower fee that has been
negotiated.

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How We Calculate and Collect Advisory Fees
Fees are billed monthly or quarterly, in arrears, meaning that we invoice clients after the billing period
has ended. For example: A $5,000,000 account would be billed as follows: Market value at the end of the
quarter December 31st of $5,000,000 @ 0.40%= $20,000/4= $5,000 quarterly fee billed in March.
Payment in full is due upon receipt of invoice. Clients are billed directly. We do not debit client accounts
directly, and we do not bill in advance.
The client can elect to have the invoice sent directly to their custodian and have the custodian pay
InvesTrust Consulting directly. If this option is selected, a copy of the quarterly invoice is also sent to the
client. If the client chooses this option, the client must direct their custodian to pay us directly and notify
us of their election.
Our agreements can be canceled by either party with thirty days written notice. Should cancellation occur
during the course of a quarter, fees for that quarter will be pro-rated.

Additional Fees and Expenses
All fees that clients pay to InvesTrust Consulting for advisory services are separate and distinct from
fees/expenses charged to clients by third-party firms. These fees and charges which clients pay include:
         Custody fees/charges, which may include transactions costs/fees from the purchase/sale of
          securities, wire charges, etc.
         Brokerage fees/charges, which may include fees charged by an agent or agent’s company to
            process transactions between the buyer and seller.
         Investment manager fees and expenses for management of investment assets
         Fees and expenses charged by mutual funds, alternative investments, and exchange traded
          funds (“ETFs”)
 The fees and expenses for investment managers, mutual funds, alternative funds, and ETFs are
described in each investment manager or fund’s advisory contract, prospectus or offering information.
These fees will commonly include a management fee, various fund expenses and a possible distribution
fee. Typically, the mutual funds recommended by our Firm to clients are “no-load” mutual funds.
None of our employees receive compensation or commissions for the use or recommendation of any
investment product, as this would create a conflict of interest. By only receiving compensation from our
clients, we are working only with their best interests in mind. Clients are urged to review both the fees
charged by funds and by InvesTrust Consulting to fully understand the fees charged related to their
investments.
Clients should be aware that similar services could be available from other firms, including other
consulting firms, at a higher or lower cost than those available through our Firm. Additionally, a client
could invest with investment managers, mutual funds, or ETFs directly, without the services of our Firm.
However, in doing so, a client would not receive the services provided by us which are designed, among
other things, to assist our clients in selecting and monitoring which investment managers, mutual funds,
etc. are most appropriate for each client's financial condition and objectives.

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ITEM 7          TYPES OF CLIENTS
InvesTrust Consulting provides advisory services to:

        •   High Net Worth Individuals                               •   Trusts
        •   Insurance Companies                                      •   Charitable organizations
        •   Pension and profit-sharing plans                         •   Corporations or business entities
            (other than plan participants)

Client relationships vary in scope and length of service. The minimum account size and fee are negotiable.